Assets Current assets Cash Accounts receivable Raw materials $ 50,180.74 $ 951,766.20 $ 38,467.89 Finished goods inventory $ 18,522.00 Total current assets $ 1,058.936.83 Deferred tax asset Property, Plant, & Equipment Land Total PPE Total assets Building Equipment $ 76,000.00 567,000.00 $ 1,010,000.00 Accumulated Depr - Equip $ (141,200.00) Liabilities and Stockholders' Equity $ 1,511,800.00 $ 2,570,736.83 Current liabilities Accounts payable $ 45,255.13 As Line of credit payable Taxes payable 5,087.17 9,342.24 Exc Total current liabilities 59,684.54 Long term liabilities Mortgage payable (current) $ 1,096,262.57 Total long term liabilities $ 1,096,262.57 Total liabilities $ 1,155,947.11 Stockholders' equity Common stock (no-par $ 550,000.00 200,000 share outstanding Retained earnings $ 850,113.00 Total stockholders' equity $ 1,400,113,00 Total liabilities and stockholders' equity $ 2,556,060.11 New York Bakery Income Statement For the Year Ended December 31, 2019 Sales Cost of goods sold Gross margin Selling and administrative expense Earnings before interest and tax Interest expense $ Tax expense Net income 1. No preferred dividends were declared. 2. Market Price for Common Stock 3. Shares Outstanding $ SSSSSSSS $ 4,173,100.00 $ 2,937,641.56 $ 1,235,458.44 $ 842,584.40 $ 392,874.04 78,113.40 16,500.00 298,260.64 S 19.75 200,000 6 Return on Stockholders' Equity (beginning SE was $1,300,000) 7 Earnings Per Share (expressed as a dollar value) 8 Price-Earnings Ratio